Astra Energy (OTC: ASRE), a renewable and waste-to-energy project developer and technology acquisition company, is taking initial steps to explore potential investment in the Uganda energy sector; those steps include talks with the Ugandan government. The company received a letter from Uganda officials noting that the government is interesting in working with ASRE to develop the country’s first-ever natural gas-fired combined cycle power plant. The plant would be designed to augment the country’s energy mix and ensure an uninterrupted, low-cost power supply. In the letter, Uganda officials asked Astra to commission a feasibility study regarding a power purchase agreement (“PPA”) between the company and the country. After the PPA is signed and finalized, Astra would build and operate the power plant. The company noted that this endeavor would align with its mission of developing first-in-class clean and renewable energy projects in markets that show high demand and limited supply; the company also looks for opportunities to benefit local communities.
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About Astra Energy Inc.
Astra Energy is an emerging company focused on project development and renewable energy technology. The company invests in and develops renewable and clean-energy projects in markets where demand is high and supply is limited, and where there is opportunity to address other imminent market needs. The company is also focused on cultivating a portfolio of intellectual property and global licenses for innovative renewable-energy technology and generating projects to deploy that technology. Astra’s corporate strategy is rooted in securing technologies and assets; identifying viable market opportunities; and bringing together resources, expertise, technology and defined action plans to execute first-in-class projects that benefit communities, local economies, the planet and the company’s investors. ASRE projects will provide sustainable waste and energy solutions that will safely convert millions of tons of waste from municipalities and businesses into valuable, clean, renewable biofuels, biodiesel and jet fuel. For further information about the company, visit www.AstraEnergyInc.com
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